SENATE BILL No. 677 An Act concerning public improvement districts; relating to certain expenditures from such
districts' funds. Be it enacted by the Legislature of the State of Kansas:

    Section 1. The board of directors of Oaklawn Improvement District
located in Sedgwick county is authorized during calendar year 1998 to
expend for public improvement purposes funds being held in any bond
and interest fund of the improvement district that do not exceed the
balance of funds remaining in such fund after payment of principal and
interest from such fund during calendar year 1998 has been credited and
after applications for refunds of taxes against such fund filed under K.S.A.
79-1702, and amendments thereto, have been unanimously recom-
mended to be refunded by such board of county commissioners on or
before February 15, 1998, have been credited. The improvement district
may authorize the expenditure of such excess funds during calendar year
1998 by adopting a resolution that identifies the public improvement for
which such funds are to be expended and that prescribes the amount to
be expended from such fund.

    Sec. 2. (a) The board of directors of Crestview Country Club Im-
provement District located in Sedgwick county is authorized to disburse
all moneys in the district's treasury that are in excess of those necessary
to pay the expenses and obligations of the district, including the costs of
retiring any outstanding bonded indebtedness of the district, as follows:
The total amount of property tax paid to the district on each parcel of
real property within the district from the date of the creation of the dis-
trict shall be divided by the total amount of property tax paid to the district
on all real property within the district from the date of inception of the
district. The resulting percentage shall be multiplied by the total excess
moneys to be disbursed and the amount arrived at shall be paid to the
owner of record of each parcel.

    (b) Payments authorized by this section shall be distributed before
July 1, 2003.

    (c) The provisions of this section shall expire on July 1, 2003.

    Sec. 3. This act shall take effect and be in force from and after its
publication in the Kansas register.

I hereby certifiy that the above Bill originated in the
Senate, and passed that body

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Senate concurred in
House amendments__________________________

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President of the Senate.

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Secretary of the Senate.

Passed the House
as amended __________________________

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Speaker of the House.

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Chief Clerk of the House.

Approved __________________________

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Governor.